Question

True or​ False: Ignoring any​ "Other" operating income or operating​ expenses, EBIT can be found by subtracting SGA and Depreciation from the gross profit. True

Answer 1

True

Step-by-step explanation:

As we know that

Earning before interest & taxes (EBIT) = Gross Profit - SGA (Selling, General and Administrative Expense) - Depreciation Expense

So the given statement is true

Hence, the same would be considered and relevant too